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May 15, 2015
DuPont this morning won its proxy battle with activist hedge fund Trian Fund Management (New York), as all four of the company's director nominees were re-elected to its board, company...
http://www.chemweek.com/lab/DuPont-wins-proxy-battle-with-Trian-update_70376.html
May 8, 2015
LyondellBasell’s fortunes have reversed dramatically in the past five years. LyondellBasell, hobbled by more than $24 billion in debt after the December 2007 combination of...
http://www.chemweek.com/lab/LyondellBasell-New-CEO-charts-steady-course_70254.html
May 8, 2015
Syngenta (Basel) on Friday rejected an offer from Monsanto to buy the Swiss-based pesticides and seeds group for just over $45 billion. The company says that the unsolicited offer...
http://www.chemweek.com/lab/Syngenta-rejects-$45-billion-takeover-offer-from-Monsanto_70244.html
May 6, 2015
A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
http://www.chemweek.com/lab/PTTGC-outlines-Ohio-Indonesian-petchem-projects_70118.html
May 5, 2015
The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
http://www.chemweek.com/lab/Proposed-IRS-ruling-threatens-cracker-MLPs_70105.html
May 15, 2015
Wacker Chemie, after performing well in the first quarter, today said it is raising its sales forecast for 2015. The company generated sales of €1.33 billion ($1.49 billion) in...
http://www.chemweek.com/lab/Wacker-raises-2015-sales-forecast-after-good-first-quarter_69962.html
May 1, 2015
BASF today reported its first-quarter results, beating consensus estimates, and has confirmed its outlook for 2015 of sales slightly increasing with Ebit before special items likely...
http://www.chemweek.com/lab/BASF-reports-first-quarter-earnings-decline-on-higher-sales-confirms-2015-outlook_69958.html
April 30, 2015
Air Products reports net income of $290 million for the quarter ended 31 March, up 2% year-on-year (YOY). Earnings gains in the Americas, Asia, and performance material offset the impact of weaker European results and negative currency impacts. Sales of $2.4 billion were down 6% YOY. The company says reported adjusted earnings were $1.55/share, up 17% YOY and line with analyst estimates....
http://www.chemweek.com/lab/Air-Products-net-income-up-2-percent-as-stronger-materials-and-Asia-results-offset-currency-impact_69976.html
April 29, 2015
Crude oil price swings in recent months, combined with a devalued euro, have created a volatile, but profitable marketplace for Europe’s petrochemical producers, according to...
http://www.chemweek.com/lab/IHS-Declining-oil-prices-devalued-euro-create-volatile-but-profitable-market-for-Europes-chemical-producers_69885.html
April 24, 2015
Shin-Etsu has made a final investment decision to proceed with a $1.4-billion ethane cracker at its Plaquemine, LA, complex, the company’s first US ethylene investment. PTT...
http://www.chemweek.com/lab/Shin-Etsu-confirms-Louisiana-cracker-PTT-eyes-Ohio_69751.html
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